https://www.indiainfoline.com/blog/key-mutual-fund-trends-observed-in-june-2024

Madam Finance Minister 

FnOs are not leading to the bulging of your equity markets. SIPs are. 

Quoting from this report: 

SIP flows in June 2024 touched a record ₹21,262 Crore. This is the third consecutive month that the mutual fund monthly gross SIP flows have been above ₹20,000 Crore. The month of June 2024 also saw 55.13 Lakh fresh SIP accounts, compared to 49.74 Lakh fresh SIP accounts added in May.

 Active equity funds saw record monthly inflows of ₹40,608 Crore, after setting a record of ₹34,697 Crore in May 2024. 

Now, if you are a mutual fund manager, and you have this much money coming into your equity fund, what will you use it for? Well, buying equities!! 

This is how much FII brought into and took from the country: 

https://www.cdslindia.com/Publications/FIIFPIInvstmntFinYrData.aspx